On this India Today special report, CII President Rajiv Memani joins Rajdeep Sardesai to discuss the state of private investment in India. Addressing concerns over stagnant growth, Memani states, ‘I don’t think it’s accurate to say that private investment is not picking up,’ noting that the last 12 to 18 months have shown positive signs despite global tariff uncertainties. The discussion delves into the challenges of capacity utilisation, which remains below the 80% threshold required to trigger massive new investments. Memani highlights the success of Production Linked Incentive (PLI) schemes in sectors like semiconductors and electronics, advocating for similar focused incentives and customs duty rationalisation to boost manufacturing competitiveness. The panel also explores the impact of global commodity volatility and the need for land reforms and improved ease of doing business to accelerate project timelines. The segment concludes with a debate on whether domestic demand or global competition, particularly from China, remains the primary hurdle for Indian industry’s ‘animal spirits’.
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